Supreme Court of India · 2004-08-18
Ghaziabad Development Authority vs Naresh Kumar Sharma
- Citation / case number
- AIR 2004 SUPREME COURT 4471
- Court
- Supreme Court of India
- Petitioner
- Ghaziabad Development Authority
- Respondent
- Naresh Kumar Sharma
- Author
- S. N. Variava
- Bench
- S. N. Variava, Arijit Pasayat
Judgment text excerpt
The Supreme Court held that interest at the rate of 18% per annum cannot be uniformly granted in all consumer cases, emphasizing that compensation must correlate with actual loss or injury as established in Ghaziabad Development Authority vs. Balbir Singh (2004) 5 SCC 65. The Court directed that the appellants must comply with prior orders regarding TDS deductions on interest payments and clarified that this ruling is specific to the case's unique circumstances. The appeal was disposed of with instructions for future cases to adhere to the principles set forth in the aforementioned case.